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    What Happens to Your Estate After Death?

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    What happens to your estate after your death.

    © BrainMass Inc. brainmass.com June 3, 2020, 9:24 pm ad1c9bdddf
    https://brainmass.com/business/accounting/what-happens-to-your-estate-after-death-180189

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    If you want the answer for what happens to your estate after you die, it's complicated and depends on if you left a trust (revokable or irrevokable) or a will. If it is a will, it goes through probate and it may take years to settle depending on what the will is. If it is a pour over will from the estate's trust, then you have another issue. All assets as explained in my previous answer are subject to inheritance tax depending on the state, the amount of the estate and if it is a trust or not.

    The attached has much more info on estate taxes, etc.

    Hope this helps!

    THis should help you answer your questions:

    The valuation date is the date of death. The federal government allows an alternate valuation date to be used, which is six months ...

    Solution Summary

    This solution outlines specific answers regarding what happens to your estate after you die.

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